Looking to see pricer continue its current downward momentum.
Price closed last week at weekly support turned possible resistance @ .73995, 78.6%.
Could see an initial push up as bull pressure slows, and bears take over. confirmation at the 50% level after break, will possibly open the door to short entries down to about the .72787, 127.2% level.
Alternative: price could break trend line, and be carried up by 20ma, to test the area near the 200ma, before continuing downward. So a possible long before the short, might take place
Price closed last week at weekly support turned possible resistance @ .73995, 78.6%.
Could see an initial push up as bull pressure slows, and bears take over. confirmation at the 50% level after break, will possibly open the door to short entries down to about the .72787, 127.2% level.
Alternative: price could break trend line, and be carried up by 20ma, to test the area near the 200ma, before continuing downward. So a possible long before the short, might take place
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